Inventory Levels are still low - the current levels for 2014 are labeled in the bottom right corner - still about 1/3 of what they should be for a "healthy" market.
Average home price in Denver continues to increase - the values for 2014 are plotted in pen ...
Note: If you would like a complete copy of the YCRE Real Estate Trends booklet
for the 2nd quarter, please let me know ...
A couple additional comments from the owners of YCRE:
- Although the local media is talking about the possibilities of a new "housing bubble", they feel strongly that this is not possible with such a low inventory of homes for sale.
- The price increase of single family homes over the past 12 months has been about 7% - just a little higher than the average over the past 45 years of 6% increase.
- Investors continue to purchase 25-30% of all real estate transactions in Denver ... this number has remained constant over the past several years.
- Both owners believe that there is most likely a strong market in Denver for atleast the next 2 years ... however, they are not willing to predict past that!
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